red rock liquidation News

Arrest Warrants Issued for New York Financiers Over Failed Oklahoma Insurer

Arrest warrants have been issued for two New York financiers after prosecutors filed charges in Oklahoma state court relating to the purchase and handling of a now-defunct Oklahoma insurance company that the pair once controlled. Scott Hartman and Andrew Scherr …

Oklahoma Files Suit Against Directors, Officers of Failed Insurer, Red Rock

Oklahoma insurance regulators have filed suit against two New York financiers who took control of a failed Oklahoma insurance company, saying the pair and others infused it with allegedly worthless assets and used it as a vehicle in which to …

State Regulation Worked in Red Rock/Foster Jennings Case: Oklahoma Commissioner

The circumstances surrounding the liquidation of a small Oklahoma insurer highlight the concern over how effectively state insurance regulators are able assess potential buyers of insurance companies, according to a recent report in the Wall Street Journal. But Oklahoma’s insurance …